11:43 GMT +318 October 2019
Listen Live
    Russian regions. Crimea

    Crimea to Receive Over $5Bln in Investments in 2-3 Years

    © Sputnik / Vitaliy Belousov
    Russia
    Get short URL
    5397
    Subscribe

    The minister of Economic Development of the Russian Republic of Crimea said that investors are ready to invest $5.1 billion in the Crimean economy.

    SIMFEROPOL (Sputnik) — Investors are ready to invest 290 billion rubles ($5.1 billion) in the Crimean economy in the near future, Andrey Melnikov, the minister of Economic Development of the Russian Republic of Crimea said Saturday on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

    "This is more than 290 billion rubles, which investors are ready to invest in the Crimean economy in the next two to three years," Melnikov told reporters.

    The minister added that without the flow of investments, the peninsula would remain a region with an outdated infrastructure.

    "We would like to turn Crimea into a modern territory," Melnikov stressed.

    SPIEF, held in Russia's second largest city of St. Petersburg between Thursday and Saturday, is a major global platform for communication between business representatives and discussion of crucial economic issues. The Sputnik International News Agency is an official media partner of the forum.

    Related:

    Crimea to Bring Dozen of Investment Projects to St. Petersburg Economic Forum
    Crimean Fairytale: The Karadag Nature Reserve
    Exceptional Security: Goals of Russian FSB Spetsnaz Drills in Crimea (VIDEO)
    European Investors Flock to Crimea Despite Western Sanctions
    First Stage of Large-Scale Russian FSB Spetsnaz Drills Over in Crimea
    Tags:
    investments, St. Petersburg International Economic Forum (SPIEF) 2017, Crimea, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik